$17 Billion Zillow To Become The MLS, Predicts Compass CEO In NAR Showdown

Benzinga11-15

Compass CEO Robert Reffkin predicts Zillow, worth around $17 billion, will eventually become the nation's de facto Multiple Listing Service (MLS). This shift would mark a significant change in real ...

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This shift would mark a significant change in real ...</p>\n\n<a href=\"https://finance.yahoo.com/news/17-billion-zillow-become-mls-141532396.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1935042488.USD","symbol_name":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/17-billion-zillow-become-mls-141532396.html","article_id":"2483054371","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/c19miztH4hJIpVU3I0o8og--~B/aD01NjM7dz0xMDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/e7d4169ef47b14c81ae9c2f62ff6f7d8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483054371","pubTimestamp":1731680132,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Compass CEO Robert Reffkin predicts Zillow, worth around $17 billion, will eventually become the nation's de facto Multiple Listing Service . 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Trending: During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.Trending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","BK4581":"高盛持仓","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","ZG":"Zillow Class A","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","SG9999001424.SGD":"United E-Commerce Fund SGD","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","BK4527":"明星科技股","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4588":"碎股","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","Z":"Zillow","LU0080751232.USD":"富达环球多元动力基金A"},"translate_title":"Compass首席执行官在NAR摊牌中预测Zillow将斥资170亿美元成为MLS","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z":1,"ZG":0.9},"content_text":"Compass CEO Robert Reffkin predicts Zillow, worth around $17 billion, will eventually become the nation's de facto Multiple Listing Service (MLS). This shift would mark a significant change in real estate industry dynamics.Don't Miss:\n\nThis Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.\n‘Beating the market through ethical real estate investing' — this platform aims to give tenants equity in the homes they live in while scoring 17.38% average annual returns for investors – here’s how to join with just $100\n\nInitially reported by Inman, the prediction came during a discussion at the National Association of Realtors (NAR) annual conference last Friday amid ongoing debates over listing policies.\n“I think if you were going to build an MLS today ... I think it would be national,” Reffkin said during the “Future of the MLS” session. “There wouldn’t be 548. At some point, there will be a national MLS.”\nHis comments come as the industry grapples with changes to commission structures and listing practices following a recent legal decision. The traditional model of seller-paid commissions is evolving, with new rules eliminating commission information from MLS listings.\nTrending: During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.\nReffkin praised Zillow’s business strategy while criticizing existing industry rules. “They were able to get access to all the listings and then charge referral fees on all the listings. It’s a great business model and those are rules that you’ve created, so they’re the winner,” he said.\nZillow’s Chief Industry Development Officer, Errol Samuelson, defended the current MLS system. “At its essence, the reason the MLS is so important is it is an unbiased, open, two-sided marketplace where there is equal access to information,” Samuelson said. “If it didn’t exist, we would feel obliged to invent it.”\nTrending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!\nThe debate intensifies as the industry adapts to court-mandated changes in agent compensation. Traditional practices of sellers paying both agents’ commissions face scrutiny, with new requirements for explicit buyer-broker agreements.\n“Any time we have the opportunity to have a conversation with the consumer about the value that we bring to the transaction ... that’s a good thing,” NAR President Kevin Sears said, addressing the broader changes in commission structures, in an August USA Today report.\nAccording to Stephen Brobeck of the Consumer Federation of America, the evolving landscape could reshape the industry within five years. “For consumers, things are not going to change much in the immediate future,” Brobeck told USA Today. “But it’s like a dam that’s springing a leak.”\nSee Also: This company is giving accredited investors an opportunity to invest in this $2 billion fund, with three decades in business they boast an impressive track record of double-digit returns.\nThe new rule threatens smaller brokerages while potentially strengthening Zillow’s market position, supporting Reffkin’s prediction about the future of listing services in America.\nArt Carter, CEO of California Regional MLS, highlighted the difficulty of managing industry changes across diverse stakeholder interests. “My top three brokers all have three different opinions on policy,” Carter said.The debate over listing policies and market structure continues as the industry searches for a balance between traditional practices and technological innovation in an increasingly digital real estate landscape.\nRead Next:\n\nUnlock the hidden potential of commercial real estate — This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!\nThese five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends\n\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article $17 Billion Zillow To Become The MLS, Predicts Compass CEO In NAR Showdown originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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